Can You Use Retirement Funds to Grow Your Portfolio Faster? (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 30 May 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you use retirement funds to buy rentals, pay for renovations, or scale your real estate portfolio faster? Saving for a down payment can be tough, and dipping into a retirement account might seem like a tempting shortcut. But is it worth paying the hefty penalty? We’re breaking it all down on today’s episode! Welcome to another Rookie Reply, where Ashley and Tony answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. First, what do you do when a tenant wants to end their lease before it even starts? There are several factors to consider, from your state’s landlord-tenant laws to additional turnover costs, but we’ll steer you in the right direction. Next, we’ll hear from an investor who’s considering withdrawing funds from their Roth IRA before retirement age to build their portfolio faster. Is it worth it? We’ll crunch the numbers and find out! Finally, where should you list your short-term rentals online, and how do you prevent your property from getting double-booked? As our resident short-term rental expert, Tony has the answer, and it’s much simpler than you might think! Looking to invest? Need answers? Ask your question here! In This Episode We Cover Whether you should use retirement accounts to buy more rentals The real cost of withdrawing from your Roth IRA before retirement age What to do when a tenant unexpectedly backs out before their lease begins Where to list your short-term rentals online (and how to avoid double-booking!) The best property management software for your Airbnb business And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to another episode of Ricky Reply.
0:03.3	If you've ever wondered about tapping into your retirement funds for a deal or wondered how to scale your portfolio faster, this is the episode for you.
0:12.4	We're going to help you weigh the pros and cons of using a Roth IRA to accelerate a deal and to walk you through other options you may be able to take advantage of if you feel backed into a corner financially.
0:24.9	And not only that, but in today's episode,
0:27.2	we'll also get into how to handle a messy tenant situation
0:30.7	where they just signed a lease,
0:31.9	but they want to back out before they even move in.
0:34.1	And then we'll break down the best apps to manage your short-term rental so you can
0:38.4	maximize your cash flow.
0:44.5	This is the Real Estate Rookie Podcast, and I'm Ashley Care. And I'm Tony J. Robinson.
0:50.0	Okay, so today our first question is pulled from the real estate rookie Facebook group.
0:55.6	You're not already. Make sure you're following our page, bigger pockets, real estate
0:59.6	rookie, or our Facebook group, Real Estate Rookie. So this question is from Elizabeth Galloway,
1:06.7	and it says, tenants signed a year lease yesterday and paid a security deposit and remaining's
1:12.7	month of rent. Today, he has a family emergency and doesn't want the house now. He has asked for a full
1:19.7	refund, but our lease states a 60-day cancellation notice. I feel like he shouldn't get a refund.
1:26.2	It was a lot of time and effort to get him into the
1:29.4	house. So this is a good question because I always have this fear of like, okay, I've taken my
1:36.0	listing down. I've got someone. But they're moving day is, you know, 30 days plus away.
1:41.5	What if they decide to back out? So, Tony, in your little bit of experience
1:48.0	with long-term rentals, did this happen at all when you were leasing it? No, we've never had this
1:53.7	issue. When I was working as a as a leasing agent, again, I did this very, very briefly.
	...

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